BBI babcock & brown infrastructure group

my bbi valuation / dbct sale flows, page-115

  1. 647 Posts.
    Does anyone know what BBI's ICR is ?

    I had an interesting discussion with a friend on the weekend who outlined the MCG takeover bid implies net debt/ebitda ratio of 5 and an ICR of around 2 are stable debt levels. He raised an interesting point that if a Mac board will sign off on this deal then it is a dire statement on MIG and MAP. With a net debt/ebitda ratio of around 10 BBI still looks pretty desperate, interested to see how close to the wind they are with ICR.
 
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